vindication

If any of the Terry Burgess love squad need reminding of his performance to date it is now official-

We are now the fourth worst performing stock on the -

S&P- ASX100

10 Worst Performers for 2012.-

OZ Minerals $6.70 Change 33.1% (fourth)

The top of the list was Lynas Corp -45% understandably!!!

Lynas have big problems .

OZ Minerals don't. What we do have is a CEO who is unable

to find a solution to our short term growth problems.

When you look at the figures you would surely ask-

Do they have money problems -answer NO!!!

Do they have debt problems - answer NO!!!

Do they have suspect management - answer YES!!!!!

Oh how i cry when i remember the price we could have paid for all of Sandfire (whose shareprice is powering ahead.)

But what did Burgess and the board do-

THEY GAVE THE MONEY THAT COULD HAVE SECURED SFR, BACK TO THE SHAREHOLDERS AS A CAPITAL RETURN!!!

Now our illustrious Board and CEO are struggling to find a suitable M&A target that would get us away from the one trick pony tag and secure our future going forward.

Terry Burgess bleats on about a M&A target that would be good for shareholders while our shareprice has been decimated in the process.

Hard to believe we have 3/4 of a $billion dollars in the kitty.

If this shareholder wealth destroyer is not up to the job then the board need to replace him with somebody who CAN do the job.

The above figures were from The West Australian Business Section January 1 2013 (today)